Report to Carson Reclamation Authority
Monday, August 01, 2022
Discussion
SUBJECT:
Title
CONSIDER AMENDMENT NO. 2 TO A CONVEYANCING AGREEMENT WITH CAM-CARSON, LLC; AMENDMENT NO. 1 TO A COOPERATION AGREEMENT BETWEEN THE CITY OF CARSON AND THE CARSON RECLAMATION AUTHORITY FOR THE REIMBURSEMENT OF SALES TAXES TO FUND PUBLIC INFRASTRUCTURE AND SITE DEVELOPMENT COSTS; AND RATIFICATION OF AMENDMENT NO. 1 TO A DEVELOPMENT AGREEMENT BETWEEN THE CITY OF CARSON AND CAM-CARSON, LLC FOR THE DEVELOPMENT OF A FASHION OUTLET RETAIL CENTER ON THE CELL 2 SURFACE LOT OF THE 157-ACRE SITE OWNED BY THE CARSON RECLAMATION AUTHORITY, KNOWN AS THE FORMER CAL-COMPACT LANDFILL
Body
I. SUMMARY
The Authority Board is asked to consider Amendment No. 2 to the Conveyancing Agreement (the "Conveyancing Agreement Amendment", Exhibit 1) by and between the Carson Reclamation Authority ("Authority") and CAM-Carson, LLC, a Delaware limited liability company ("Developer" or "CAM-Carson"), for the development of a high-end fashion outlet mall; Amendment No. 1 to the Cooperation Agreement between the Authority and the City of Carson ("City") (Exhibit 2) to provide for the construction of site infrastructure and the reimbursement to the Developer for certain Site Development Costs; and ratifying a First Amendment to Development Agreement ("DA Amendment") between the City of Carson and CAM-Carson (Exhibit 3).
The original Conveyancing Agreement was approved on April 3, 2018 and was amended on September 6, 2018 (collectively, the "Conveyancing Agreement"), under which the Developer was to acquire the Cell 2 Surface Lot of the 157 Acre (i.e., approx. 41 acres). City and Authority are parties to a Cooperation Agreement, dated September 6, 2018 ("Cooperation Agreement"). Developer and the City are parties to a Development Agreement also dated September 6, 2018 ("Development Agreement").
The Conveyancing Agreement, Cooperation Agreement, and Development Agreement are referred to as the "Project ...
Click here for full text